Remember a time not so long ago when we first hear about the Real Estate Short-Sale?;
Some of the common comments
were = what's that, why would the banks agree, impossible, can't be done, not in this lifetime,...etc.
Now there
are hundreds if not thousands of Short-Sales per week.
100% of which the banks are losing money!
Short Sales are expensive for the banks because they have to go through the Foreclosure process first; Legal Fees, Court Costs, Back Office Support, etc.
Our Real Estate Product; The
Discount Note Refinance is in much the same boat as the Short Sale was years ago. A bit unheard of so far but becoming more and more acceptable as the Banks realize the opportunity to help themselves: Our goal is to help Property
Owners KEEP their Property. We do this for Jumbo loans by offering a discounted
buyout price to the Lender, and selling the property back to the original owner
at a slight mark-up so the Owners pays no Fees.
A TRUE:
The Bank Wins (No forclosure process)
The Owner Wins (Saves Thousands in Equity and Pymts)
We Win (Make a Profit)
situation!
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